Prices of petrol and diesel in Tamil Nadu went up by Rs. 3.78 and Rs. 1.70 respectively, following the state government revising the Value Added Tax (VAT) on these products.
The Tamil Nadu Petroleum Dealers' Association protested the move, saying
the hike would affect all sections of society and demanded an immediate
rollback.
Association President K P Murali said VAT on petrol was increased from
27 per cent to 34 per cent, while that on diesel was hiked from 21.4 per
cent to 25 per cent with effect from last midnight March 04,2017
As a result, the rate of petrol has increased by Rs. 3.78 and that of diesel by Rs. 1.70 in the state, he told
“This is a steep increase. While the petrol price will immediately
affect the motorists, the hike in diesel rate will have a cycle effect
on many products, including vegetables as diesel vehicles are
predominantly used in the transportation of commodities,” he said.
Following the hike, the petrol price had touched the Rs. 75
mark in Chennai, while additional costs like transportation would add a
little more to rates in other cities and towns such as Tiruchy,
Thanjavur and Cuddalore, he said.
The diesel price was around Rs. 63.96 following the VAT revision, he added.
On a comparative note, petrol and diesel are priced at Rs. 68.13 and Rs. 60.18 respectively in neighbouring Puducherry, a Union Territory, Murali said.
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